LONG & COLD WINTER AHEAD.

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Explained on the chart. Views are personal. Don't trade without understanding the risks involved. HAPPY TRADING.
Note
watch carefully 40565 level. If it is breached, that will confirm vth of 5th.
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sorry.40500-40510 level
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OOPS!!!
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BUT keep in mind the expiry factor. Can give a surprise bounce intraday. So follow your own risk management if short. Use the bounce towards 40900-41k as selling opportunity.
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covered short. expecting bounce to re enter.
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bounced from wave 4 which can be alternate wave 4.So exit if u r still short.
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the structure in hourly TF shows triangle d-wave,a clear indication that 4th of 5th is going on.So no further short.Better go long now. Analysis valid if 38377 is not violated-i,e sl <38377.(will post chart when gets time)
Note
no. SL of the revised view hit.So the original view prevails-i,e long & cold winter staring ugly on our face.Short on rally towards 38800-39000
Wave Analysis

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